Inheritance tax and law

April 24, 2012

INHERITANCE TAX

Inheritance (Successierecht) and gift (Schenkingsrecht) taxes are payable by each heir on his respective inheritance if the donor is a resident of Aruba. The tax base is the net value of each beneficiary’s share in the estate after deduction of related debts, legacies, and funeral costs.

The following are exempted from inheritance and gift taxes:

Real estate on which property transfer tax was paid in the Netherlands or in the Netherlands Antilles

Gifts of AWG500 (US$279) to relatives in the direct descendent line and gifts of AWG100 (US$56) for all other beneficiaries

Inheritance and gift taxes are imposed at progressive rates depending on the degree of relationship between the donor and the heir:

Aruba - More data and information

Comments

Bienvenda Mercado |
April 27, 2010

I live in the USA, and I am one (1) of the heirs of a property that is in Aruba. How can I get reliable information as how to divided inheritance among all existing heirs? I need to know the rules and law.

If two people own property in Aruba and if one passes away, does the other have to pay the property transfer tax of 8%?

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